Documenting Contributions To Your LLC

Рет қаралды 22,438

Clint Coons Esq. | Real Estate Asset Protection

Күн бұрын

In this video, we discuss how to document contributions to your LLC and just how important documenting contributions to your LLC really is!
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ABOUT CLINT COONS
Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#documents #documentation #contribution

Пікірлер: 42

@AdarshGV 2 жыл бұрын

Your explanations are precise and covers much of the common use-cases which is very informative for starters. Thank you!

@ClintCoons 2 жыл бұрын

Glad it was helpful!

@user-bk2sz8dt1r 6 ай бұрын

Best video seen so far!

@organizer14 Жыл бұрын

These specifics are valuable for real estate professionals to learn! Thanks!

@vinorixus887 8 ай бұрын

Thank you so much sir! This is incredibly helpful 😊

@rawmean8989 2 жыл бұрын

Thank you for this clarification!

@ClintCoons 2 жыл бұрын

You are so welcome!

@JULIUSisCRAZY 2 жыл бұрын

this was simple and easy to understand thank you!

@ClintCoons 2 жыл бұрын

Thanks

@siddharthpreetham1408 Жыл бұрын

Thank you so much Clint! This video helped a lot!

@ClintCoons Жыл бұрын

Glad to hear it!

@dcmiracles2785 Жыл бұрын

Thank you very much! Important topic!

@ClintCoons Жыл бұрын

You are welcome!

@CTrizzy 2 жыл бұрын

Hey thanks for this video Clint. I've been looking for the answer to this question and it's not well defined on KZfaq. You got yourself a sub!

@ClintCoons 2 жыл бұрын

Thanks!

@Cubez3171 Жыл бұрын

Great Information Thank You

@2LiL-BiT 2 жыл бұрын

Thanks for clarifying!

@ClintCoons 2 жыл бұрын

Happy to help!

@EmilAliev7 Жыл бұрын

Great explanation. Thank you!

@ClintCoons Жыл бұрын

Glad it was helpful!

@jasonsignor7237 2 жыл бұрын

Excellent! Thank you!!

@ClintCoons 2 жыл бұрын

You are welcome!

@jimmygills 2 жыл бұрын

Thanks for this sir. Super brilliant

@ClintCoons 2 жыл бұрын

So nice of you

@DeniseLWrightHiers Жыл бұрын

Great Information, Thank You

@ClintCoons Жыл бұрын

Glad it was helpful!

@shannaestevens 2 жыл бұрын

Thank you for these videos!! Happy spouse Happy house 😁

@ClintCoons 2 жыл бұрын

Glad you like them!

@kunleolutomilayo4018 2 жыл бұрын

@kayots 2 жыл бұрын

Hey great video. Thanks for making it. I have 2 questions. 1. How is an LLC taxed for member contributions? (If it is) 2. Why is it necessary to document member contributions if you're a single member LLC opting to be taxed as a C Corp? (Also is what you said true if you elect to be taxed as an S Corp as well?)

@ClintCoons 2 жыл бұрын

The LLC is not taxed on member contributions (with some exceptions to investment partnerships). You document the amounts so you know your tax basis in the company. If it is a disregarded LLC then this is not as important.

@promomail1768 5 ай бұрын

The example you gave was for a business sale (very clear). When the accounting books are closed annually is net income distributed to the partners according to the contribution Ratio or the Owner ratio?

@ClintCoons 4 ай бұрын

Yes it is allocated. Distributions are at the discretion of the managers.

@klitsuk 4 ай бұрын

Great video. As always!! Question. Isn't it better to give an owner loan instead of just contributing the money? Making the the llc owe you the money (perhaps better if the company is being sued) or when you take money out of the company, it will be a return of the loan plus interest- so you pay tax only on the income which is the interest. Isnt it?

@ClintCoons 4 ай бұрын

The loan is more paperwork and to perfect the protection you need to file a security document against the assets of the LLC otherwise you are not protected.

@mariasalmeron532 2 жыл бұрын

For a husband and wife buying a rental property, do you recommend creating a single member LLC under my name or a multimember with my husband?

@ClintCoons 2 жыл бұрын

Depends on wether you want to buy multiple properties and use financing. Might be better to place under one name so you can qualify for more loans.

@rudyvargas8830 4 ай бұрын

How do I fund my business bank account c corp with my personal money 💰

@ClintCoons 4 ай бұрын

You write a check to the name of your company and deposit the funds into the company account. There isn't anything special when it comes to funding your account.